6936. First National Bank (Osborne, KS)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
3319
Charter Number
3319
Start Date
March 24, 1928
Location
Osborne, Kansas (39.439, -98.695)

Metadata

Model
gpt-5-mini
Short Digest
e9419fd6

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
70.6%
Date receivership started
1928-03-30
Date receivership terminated
1931-11-02
OCC cause of failure
Governance
Share of assets assessed as good
20.5%
Share of assets assessed as doubtful
57.6%
Share of assets assessed as worthless
21.9%

Description

Articles report that the president Frank B. Denman shot himself as national bank examiners were checking books; news provoked a run and the bank's doors were closed. Examiners found apparent irregularities ($8,000–$10,000). The institution was closed and taken over by the national banking department — indicating suspension and takeover (closure).

Events (5)

1. March 7, 1885 Chartered
Source
historical_nic
2. March 24, 1928 Other
Newspaper Excerpt
Appearance here of national bank examiners and the closing of the First National bank led to the suicide today of Frank B. Denman, 60-year-old bank president.
Source
newspapers
3. March 24, 1928 Run
Cause
Bank Specific Adverse Info
Cause Details
Suicide of bank president Frank B. Denman during national examiners' visit and discovery of apparent irregularities ($8,000–$10,000) precipitated depositor alarm and withdrawals.
Measures
Bank doors were closed to avert further withdrawals; bank was closed at short run.
Newspaper Excerpt
As news spread of the banker's suicide depositors became alarmed and run on the bank was averted only by closing the doors.
Source
newspapers
4. March 24, 1928 Suspension
Cause
Government Action
Cause Details
Following the run and discovery of irregularities, the national banking department took over the institution, effecting a suspension/closure.
Newspaper Excerpt
The bank was closed later and taken over by the national banking department following what county officials termed a run.
Source
newspapers
5. March 30, 1928 Receivership
Source
historical_nic

Newspaper Articles (11)

Article from Lincoln Journal Star, March 24, 1928

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Article Text

BANKER SUICIDE Denman Takes Life Frank When Bank Examiners Appear at Osborne. OSBORNE, Kas., March here tional and the closFirst National bank led of the ing the suicide today Frank Denman, bank presiand officials of the Directors could assign other reason for Denman's spent day with the examiners while the being checked. This books arose the morning in his home. He was found there few minutes later by son. Denman had fired bullet thru his heart. news spread of the banker's suicide; depositors became alarmed and run on the bank averted only by closing the doors. Directors asserted to the best their knowledge the bank was sound financially. Examiners curoory examination revealed several irregularitiess. bank was one of the county's oldest financial more than forty been president for fifteen years.


Article from Lincoln Journal Star, March 24, 1928

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KANSAS BANKER A SUICIDE Takes Life Frank B. Denman When Bank Examiners Appear at Osborne. OSBORNE, Kas., March -Appearance here of National bank examiners and the clos- led First National bank of the to ing the suicide today Frank B. Denman, bank president. Directors and officials of the bank could assign no other reason for Denman's He spent yesterday with the examiners while the checked. This books being morning he arose and went to the his home. He was bathroom in found there few minutes later by his son. Denman had fired a bullet thru his heart. As news spread of the banker's suicide, became alarmed and run on the bank was averted only by closing the doors. Directors the best of their knowledge the bank sound financially. Examiners said cur0005 examination revealed several The bank one of the county's oldest financial It established more than forty was ago. Denman had been president for fifteen


Article from The McCook Daily Gazette, March 24, 1928

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BANKER TOOK AS DOORS CLOSED Shot Self Dead in Room As Examiners Checked on Books of Bank Osborne, Kan., March national bank Appearance the closing the examiners First National bank led to the today Frank B. Denman, bank president. Directors and officials of the bank assign other reason Denman's He spent yesterday with the examiners while the books being checked. This morning arose went to the bathroom his home. He was found there few minutes later by his Denhad fired bullet through his heart. As news spread of the banker's suicide depositors became alarmed and the bank averted on only the Directors to the best of their knowledge the bank sound financially. Examiners said cursory examination The bank of the oldest financial It established more than forty had been presiyears dent for fifteen years. Norfolk, Va., March The of the marines recently ordered to were high today. The final the seas sailed from complement aboard the U. night Oglala.


Article from The Enid Daily Eagle, March 24, 1928

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Kansas Banker Ends Own Life OSBORNE Kas., March 24 -Appearance here of national bank examiners and the closing of the First National bank led to the suicide today of Frank B Denman 60year-old bank president. Directors and officials of the bank could RS. sign no other reason for Denman's act. As news spread of the banker's suicide depositors became alarmed and run on the bank was averted only by closing the doors Andrews Writ Is Denied OKLAHOMA CITY. March 24. criminal court of appeals today denied an application for writ of habeas corpus and refused to grant bail to Claude Andrews held the Love county jail on charges of slaying Sheriff Sam C. Long of Love county and participation in the Robbery of the Love County National bank of Marietta Dobbs' Term Is Affirmed OKLAHOMA CITY. March 24.-(/P)-John Dobbs must serve a life sentence for slaying Mike Brodie, McCurtain county farmer. the criminal court of appeals ruled today in affirming the decision of the McCurtain county district court. Governor's Act Held Void OKLAHOMA CITY, March 24.(P)-A governor cannot, without sufficient cause, revoke a commutation of sentence which he has granted a prisoner, the criminal court of appeals held today in granting a writ of habeas corpus to F. E. Warren. and ordering his release from the state penitentiary. Geary Bankers' Term Upheld OKLAHOMA CITY, March 24.Five year sentence for J. O. Davis, former cashier of the American State bank of Geary, was affirmed by the criminal court of appeals today. England to Reduce Ships GENEVA, March 24.-A note detailing England's proposal to reduce the size of battleships and guns and extend the life of battleships was sent today by Lerd Cushendun of Great Britain to the American, French, Japanese and Italian delegates on the league's preparatory disarmament commission. Veterans Bill Is Favored The World war veterans' hospital bill authorizing an appropriation of $15,000,000. was ordered favorably reported to the house today by its veterans' committee. The measure carries provision for new hospitals in Kentucky southern New England. Philadelphia and New Jersey Probe Asked in Texas AUSTIN, Texas. March 24.-Demand that the next legislature order an investigation of the Texas fee system abuses, is made by the Travis county grand jury which reported today.


Article from Evening Star, March 25, 1928

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BANKER KILLS SELF; RUN CLOSES DOORS By the Associated Press. OSBORNE, Kans., March 24.-Worried over a visit here of three national bank examiners, Frank Denman, president of the First National Bank of Osborne, shot and killed himself at his home here today. The institution, with deposits totaling nearly $300,000 was closed after a short run precipitated by the suicide of the president. Apparent Irregularities of between $8,000 and $10,000 were uncovered, the bank examiners announced. They said Denman was unable or unwilling to explain the discrepaneles. Except for the small irregularities, the bank appeared to be in good condition, the examiners said


Article from The Wichita Eagle, March 25, 1928

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SELF ON Frank B. Denman of Osborne Ends Life When Examiners Discover Irregularities OSBORNE, KAN., March Discovery of an apparent irregularity $8,000 and in the First of Osborne today by the suicide Frank president, and the of the Mr. Denman shot himself through the heart with small caliber rifle the his home early today. Later the bank opened the regular hour. closed about small run was started by Roberts, district chief National bank Kansas City. later announced the irreguhad been found. but said the bank seemed in good shape otherLyon. of Salina, National examiner. and Morrissey, his assistant, began examination the bank late yesterday. Mr. Roband found an apparent regularity 000 which Mr. Denman "was either unable unwilling to explain. The bank closed because the unrest and attitude of depositors, Mr. Roberts said. Mr. Denman left no note to Before news the apparent irregularity became known today, Edgar Denman, son of the dead man and cashier the bank. said his father had appeared worried the of the examiners feared that there wrong the bank. Most tonight had faith that things would be and that the bank reopen. The run this said mostly by small about of whom were in the bank when ordered closed.


Article from Kirksville Daily Express and Kirksville Daily News, March 25, 1928

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BANKER TAKES LIFE WHEN EXAMINERS ARRIVE Osborne, Kas., Mar. 24 (UP).Appearance here of national bank examiners and the closing of the First National Bank led to the sufcide today of Frank B. Denman, 60year-old bank president. Directors and officials of the bank could assign no other reason for Denman's act. He spent yesterday with the examiners while the books were being checked. This morning he arose and went to the bathroom in his home. He was found there a few minutes later by his son. Denman had fired a bullet through his heart. As news spread of the banker's suicide, depositors became alarmed and a run on the bank was averted only by closing the doors. Directors asserted to the best of their knowledge the bank was sound financially. Examiners said cursory examination revealed several irregularities. The bank was one of the county's oldest financial institutions. It was established more than forty years ago. Denman had been president for fifteen years. Live Elephant for G. 0. P.s. St. Louis, Mo., Mar. 24 live elephant is to be sent from here to St. Joseph for the Republican state convention there next Monday. The G. O. P. Symbol will be shipped in a box car and will be used in a parade there Monday morning. Nat Rieger, a student at Missouri University, spending the week here with his parents, Col. and Mrs. J. E. Rieger.


Article from Wichita Falls Times, March 25, 1928

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AND 'DRYS' MOBILIZE FORCES FOR BATTLE HOUSTON, March 24. drys for struggle the proposal insert dry prohibition plank into the Democratic national Marshall Anderson. Houston announced that sponsors of the weld Harris county wets ization meet next week decide whether wets would function independent group affiliate with the national association against prohibition. Mrs. district president of the that dry forces holding "two meetings nightly mass their strength, Henry, Houston lawyer, president the Smith for president club here plans for campaign here during the next citizens Henry Mr. Henry said, will address the meetings. "RUN" CLOSES BANK AFTER PRESIDENT KILLS HIMSELF OSBORNE, Kan., March 24 The lifeless Frank Denpresident the First tional bank Osborne, was found in the bathroom of his home early today. bank was closed and taken over banking county officials termed County Attorney Tillman said president had himself in the heart with rifle.


Article from The Frederick Leader, March 25, 1928

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BANKER SUICIDES IN FACE OF CHECKUP Osborne, Kansas, March 24.-(LP) -Appearance here of national bank examiners and the closing of the First National bank led to the suicide today of Frank B. Denman, 60-year-old bank president. Directors and officials of the institution could assign no other reason for Denman's acts. As news spread of the banker's suicide, depositors became alarmed and a run on the bank was averted, only by closing the doors.


Article from Muskogee Daily Phoenix and Times-Democrat, March 25, 1928

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BANKER'S BODY IS FOUND News of Event Starts Run on Bank, And Institution's Doors Are Closed. OSBORNE, Kan., March 24.-(/P)The lifeless body of Frank Deman, president of the First National bank of Osborne, was found in the bathroom of his home here today. The bank was closed later and taken over by the national banking department following what county officials termed a "run." County Attorney J. F. Tillman said the bank president had shot himself in the heart with a rifle.


Article from Kearney Hub, March 26, 1928

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A LEADING BANKER SUICIDES Causes Run on Bank and Doors Have to Be Closed. Osborne. Kan., March 26.-Appearance here of national bank examiners and the closing of the First National bank led to the suicide Saturday of Frank B. Denman, sixty year old bank president. Directors and officials of the bank could assign no other reason for Denman's act. He spent yesterday with the examiners while the books were beings checked. This morning he arose and went to the bath room in his home. He was found there a few minutes later by his son. Denman had fired a bullet through his heart. As news spread of the banker's suicide depositors alarmed and run on the bank was averted only by closing the doors. Directors asserted to the best of their knowledge the bank was sound financially. Examiners said cursory examination revealed several irregularities. The bank was one of the county's oldest financial institutions. It was established more than forty years ago Denman had been president for fifteen